Question 3 (8 points) A project has the given Cash Flows (see table). Present Value Net Cash Flow 40,000 Net Present Value -40,000 Initial Outlay Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 12,000 12.000 E12,000 12.000 12,000 12,000 12,000 Year 7 Determine the Present Value and Net Present Value for each listed year then select the first year during which the project yields a positive NPV. Choose your answer from A to E. Assume a discount rate of 15%. Year 4 O Year 3 O Year 5 O Year 6 O Year 7